Sparebanken Ost · OSL:SPOG
Sparebanken Ost — Sparebanken Øst Boligkreditt AS — Debt Investor Presentation (December 2017)
6 slides from Sparebanken Ost's debt investor presentation, Dec 31, 2017
Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation
Sparebanken Øst Boligkreditt AS Investor presentation 31.12.2017
Slide 2: Summary Q4-2017
SUMMARY Q4-2017 • All loans in cover pool first priority Norwegian residential mortgages • Collateral property valued by independent specialist Eiendomsverdi AS (AVM) • FSA-appointed independent inspector Ernst & Young • Cover pool NOK 10.9 billion, issued CB’s NOK 9.7 billion: OC 13 % • Average LTV
Slide 3: Overcollateralization
OVERCOLLATERALIZATION RESIDENTIAL MORTGAGES INCL. SUBSTITUTE COLLATERAL COVERED BONDS OVERCOLLATERALIZATION Q2-16 10.463.083 8.604.070 22 % Q3-16 10.145.447 8.623.730 18 % Q4-16 9.409.134 8.164.360 15 % Q1-17 11.329.739 9.982.670 13 % Q2-17 11.099.205 9.678.870 15 % Q3-17 10.983.980 9.673.650 14 % Q
Slide 4: Cover pool (LTV, geography, property type)
COVER POOL (LTV, GEOGRAFI,PROPERTY TYPE) • All loans in cover pool first priority Norwegian residential mortgages • 100 % floating rent loans • Weighted average LTV 43.9 % Geography Asset type Property type 3% Akershus Aust‐Agder Buskerud Finnmark Hedmark Hordaland Residential assets 38 % Detached h
Slide 5: Issued covered bonds
ISSUED COVERED BONDS ISIN TICKER INT. ISSUED MATURITY CURR. AMOUNT COUPON Mill. NOK NO0010623986 SPOBK04PRO FRN 22.08.11 22.02.18* NOK 111 NIB3+55 NO0010625908 SPOBK06 FIXD 05.10.11 05.10.26* NOK 750 4,55 % NO0010682099 SPOBK08 FRN 10.06.13 11.06.19* NOK 51 NIB3+42 NO0010703051 SPOBK09 FIXD 05.02.14
Slide 6: Sparebanken Øst Boligkreditt AS contact details
Sparebanken Øst Boligkreditt AS Phone:+47 915 03220 P.O. Box 67 3301 Hokksund Norway www.oest.no spobk@oest.no CEO: Vegard Kvamme vegard.kvamme@oest.no
Sparebanken Øst Boligkreditt AS — Debt Investor Presentation (December 2017) on 6ix